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Bowlero Corp (BOWL) may enjoy gains as insiders got busy in the recent days

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Bowlero Corp’s recent filing unveils that its Director Bass Robert J acquired Company’s shares for reported $2287.0 on Mar 11 ’24. In the deal valued at $12.85 per share,178 shares were bought. As a result of this transaction, Bass Robert J now holds 38,689 shares worth roughly $0.45 million.

Then, Wilson Michelle D sold 42,733 shares, generating $539,658 in total proceeds. Upon selling the shares at $12.63, the Director now owns 997,471 shares.

Before that, Wilson Michelle D sold 87,267 shares. Bowlero Corp shares valued at $1,123,728 were divested by the Director at a price of $12.88 per share. As a result of the transaction, Wilson Michelle D now holds 1,040,204 shares, worth roughly $12.22 million.

B. Riley Securities initiated its Bowlero Corp [BOWL] rating to a Buy in a research note published on June 02, 2023; the price target was $18. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Stifel began covering BOWL with “Buy” recommendation on March 28, 2023. Canaccord Genuity started covering the stock on March 08, 2023. It rated BOWL as “a Buy”.

Price Performance Review of BOWL

On Tuesday, Bowlero Corp [NYSE:BOWL] saw its stock fall -0.59% to $11.75. Over the last five days, the stock has gained 3.89%. Bowlero Corp shares have fallen nearly -17.02% since the year began. Nevertheless, the stocks have fallen -19.69% over the past one year. While a 52-week high of $15.47 was reached on 02/12/24, a 52-week low of $8.85 was recorded on 02/02/24. SMA at 50 days reached $12.75, while 200 days put it at $11.71. A total of 0.5 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For BOWL Stock

The 24-hour chart illustrates a support level at 11.65, which if violated will result in even more drops to 11.54. On the upside, there is a resistance level at 11.86. A further resistance level may holdings at 11.96. The Relative Strength Index (RSI) on the 14-day chart is 40.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.23%. Stochastics %K at 28.70% indicates the stock is a holding.

The most recent change occurred on February 24, 2023 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $24 price target.

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